July 2 Trade Risk Alert
Release time:
2020-07-02 16:45
Source:
The United States-Mexico-Canada Agreement entered into force.7Month 1The United States-Mexico-Canada Agreement (USMCA) came into force. As an upgraded version of the North American Free Trade Agreement (NAFTA) that came into effect in 1994, the new agreement will usher in a new era of North American and world trade. NAFTA upgrade negotiations began on August 16, 2017. In November 2018, the heads of state of the United States, Mexico and Canada (Trump, Peña Nieto and Trudeau) jointly signed the text of the USMCA agreement during their participation in the G20 summit in Argentina, which was then forwarded to the three parliaments for consideration and adoption. (Ministry of Commerce website)
Global tourism may 3.3 losses due to new crown epidemicTrillions of dollars.7Month 1According to the report "New Crown Pneumonia and Tourism" released by the United Nations Conference on Trade and Development, the global tourism industry could lose at least $1.2 trillion, or 1.5 percent of global GDP, due to the nearly four-month shutdown of the global tourism industry due to the new crown epidemic. The United Nations Conference on Trade and Development also issued an early warning that if the tourism industry is interrupted for eight months, the loss may increase to 2.2 trillion US dollars, accounting for 2.8 per cent of global GDP. A 12-month break in tourism would cost $3.3 trillion billion, or 4.2 percent of global GDP. (Ministry of Commerce website)
European Airbus plans to cut 15000 jobsPeople.6Month 30Airbus, Europe's largest aircraft manufacturer, said it plans to cut about 15000 jobs worldwide, accounting for 11% of its global workforce, to ensure that the company can emerge from the crisis and continue to develop.Above. The jobs to be laid off are mainly distributed in Europe, with Germany and France having the largest number of layoffs, with about 5000 layoffs each. In addition, 1700 jobs will be laid off in the UK, 900 in Spain and 1300 in other regions. (Netease News)
British economy suffers 1979Worest quarterly recession in.British Official 6Month 30The UK economy is suffering its worst quarterly recession since 1979, hit by the new crown epidemic, according to data released on Sunday. Britain's gross domestic product contracted 2.2 per cent in the first quarter of this year compared with the previous quarter, the worst figure since the 2008 global financial crisis, the Office for National Statistics announced in a statement. (Xinhua)
Sweden is listed as 11one of the countries at high risk of a new crown outbreak.Swedish Radio 6Month 28According to the daily report, WHO has listed Sweden as one of the 11 countries at high risk of the new crown outbreak, citing the increase in the spread of infection in the country. (Ministry of Commerce website)
Brazil Federal Government Fiscal Deficit 5The month is nearly 10 times higher than the same period in the year.Brazil's Globe reports that affected by the new crown epidemic, 5In January, Brazil's federal government's fiscal expenditure rose 68 per cent from the same period last year, revenue fell 41.6 per cent, and the fiscal deficit reached 126.6 billion billion reais, nearly 10 times higher than the same period last year, the worst on record. (Ministry of Commerce website)
Aeromexico Group declares bankruptcy protection. According to the Mexican newspaper Economist, the fourth largest airline in Latin America, Aeromexico Group (GRUPO AEROMEXICO)In the United States announced the application for bankruptcy protection. The company's passenger numbers plunged more than 94 percent in April and May. The company said that the current flights will continue to operate normally and plans to increase the proportion of domestic flights in Mexico. (Ministry of Commerce website)
The export index of South Korea auto companies hit a record low due to the epidemic.According to Yonhap 7According to statistics released by South Korea Bank on the 2nd, in June this year, the export performance prosperity index (BSI) of South Korea vehicle and auto parts enterprises was only 14, the lowest since the statistics were available in 2003. (Yonhap)
Overall South Korea Industry 5The monthly sentiment index fell to its lowest level since the Asian financial crisis.Yonhap 6According to a report on January 30, the "May Industry Activity Trend" released by the Statistics Department on the 30th showed that the overall industrial production in South Korea decreased by 1.2 month on month in May, the fifth consecutive month of decline, but the decline slowed down from April (-2.8). (Yonhap)
South Korea 6Monthly exports fell 10.9 percent year-on-year, the third consecutive month of double-digit decline.According to Yonhap 7According to a report on January 1, the Ministry of South Korea, Industry, Trade and Resources released June import and export data on the 1st, showing that South Korea exports in June decreased by 10.9 to 39.213 billion US dollars year-on-year; imports decreased by 11.4 to 35.547 billion US dollars year-on-year; and the trade surplus was 3.666 billion US dollars. (Yonhap)
Iran's central bank plans to issue euro-denominated certificates of deposit to reduce the money supply.The Financial Tribune 6The Central Bank of Iran (CBI) Governor Hemati said the CBI was planning to issue euro-denominated certificates of deposit to reduce the rial held by the public and reduce the money supply. He noted that certificates of deposit denominated in euros would have a fixed interest rate and be sold to buyers at the prevailing rate. "With sufficient reserves of euro notes, the CBI will undertake to repay the certificates of deposit in euros at maturity". A certificate of deposit is a product offered by banks and credit institutions that provides an interest rate premium in exchange for a one-time deposit that the customer agrees to remain immobile for a predetermined period of time. (Ministry of Commerce website)
Australia launched a double-counter investigation into China-related aluminized zinc plates.2020Year 6On January 30, the Australian Anti-dumping Committee issued Announcement No. 2020/068, stating that in response to the application submitted by the Australian enterprise BlueScope Steel Limited, an anti-dumping and countervailing investigation was initiated against aluminum-zinc-plated plates (Aluminium Zinc Coated Steel of a Width Less Than 600 Millimeters) imported from China and Vietnam with a width of less than 600mm. The Australian customs codes for the products involved are 7212.50.00.66 and 7226.99.00.71. The dumping investigation period in this case is from April 1, 2019 to March 31, 2020, and the damage investigation period starts from April 1, 2016. Stakeholders should submit relevant materials by August 6, 2020.
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The company was founded in 1997, currently 4000 a variety of models of automobile brake discs. Products are mainly exported to Europe, North America, South America, Australia and other countries and regions. At present to SAIC, JAC, BYD, Jinlong, Yutong and other domestic models to provide supporting. The company's process equipment strength, Japan's new east automatic casting line 6, commercial vehicle brake disc automatic casting line 2. There are 56 processing lines -6 full-automatic one-word processing lines and 30 robot processing lines. Packaging cleaning line 5, spraying line 3.
Since the beginning of this year, the price of raw materials has risen sharply, sea freight has soared, and the difficulty of finding a box of shipping space has seriously plagued manufacturing companies. The current power curtailment has made companies even worse. Take our company as an example. Since the power limit in early September, the company's production capacity has dropped by about 50% on average every day. Exports have decreased by 0.02 billion yuan. The performance rate of orders in hand is about 50%. New orders were reduced by 10%. These data are the impact of the current power rationing on enterprises. If the power rationing situation is not alleviated, the impact on enterprises in the fourth quarter will be more serious.
Recently, Yunnan, Jiangsu, Qinghai, Ningxia, Guangxi, Guangdong, Sichuan, Henan, Chongqing, Inner Mongolia, Henan and other places have begun to carry out energy control measures to limit energy consumption.
The total power generation in 021 is not low. In the first half of the year, China's total power generation was 3871.7 billion kWh, twice that of the United States. At the same time, China's foreign trade has grown extremely fast this year. According to data recently released by the General Administration of Customs, in August, the total value of my country's foreign trade imports and exports was 3.43 trillion billion yuan, a year-on-year increase of 18.9 percent, achieving positive year-on-year growth for 15 consecutive months, further showing a steady and solid trend. In the first eight months, the total value of China's foreign trade imports and exports was 24.78 trillion billion yuan, up 23.7 percent year-on-year and 22.8 percent over the same period in 2019.
The impact of the neo-coronary pneumonia epidemic on global supply chains continues, with high international freight rates, container shortages and terminal congestion still unabated, and labor shortages exacerbating the dilemma. The outbreak of the new coronary pneumonia epidemic in 2020, due to the obstruction of international freight, soaring transportation costs, international trade in goods greatly hindered, triggering a supply chain crisis in many countries (regions), since 2021, the new coronary pneumonia virus variant strain raging, so that the supply chain has not yet fully recovered.
Statistics from the China Association of Automobile Manufacturers show that in the first seven months of 2021, China's cumulative automobile exports reached 1.002 million, an increase of 1.2 times year-on-year, but the month-on-month growth was only 9.8 percent, showing a shrinking trend. Moreover, commercial vehicle exports fell 11.6 percent month-on-month, of which new energy commercial vehicle exports fell 57.8 percent month-on-month. It is said that the main reason for the decline in automobile exports is the poor shipping channels.
Product recommend
At present, 4000 a variety of models of automobile brake discs, brake drums with an annual output of 10 million pieces. Products are mainly exported to Europe, North America, South America, Australia and other countries and regions. At present to SAIC, JAC, BYD, Jinlong, Yutong and other domestic models to provide supporting.
At present, 4000 a variety of models of automobile brake discs. Products are mainly exported to Europe, North America, South America, Australia and other countries and regions. At present to SAIC, JAC, BYD, Jinlong, Yutong and other domestic models to provide supporting.
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